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A lender's stalled push to sell the Westin Cleveland Downtown hotel picked up velocity Tuesday, Feb. 15, when the state's highest court rejected a legal challenge to the sale process. ....
Michael Deemer tapped as new Downtown Cleveland Alliance CEO crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.
Bedrock promotes pop-up experiences at ailing Tower City mall Michelle Jarboe/Crain s Cleveland Business Traffic was light last week at the Avenue at Tower City in downtown Cleveland, where many stores are vacant and the fountains remain dry. Bedrock, the Detroit-based owner of the shopping mall at Tower City, is marketing pop-up experiences at the vacancy-plagued property. A flyer distributed to retail brokers this month promotes leasing opportunities tied to the upcoming Rock & Roll Hall of Fame inductions, in October, and the NBA All-Star Game, set for February. Both events will take place at Rocket Mortgage FieldHouse, which is linked to the mall by an indoor walkway. ....
To embed, copy and paste the code into your website or blog: Most business acquisitions are structured as purchases of assets in order to insulate the buyer from exposure to the liabilities of the seller. While that is generally an effective strategy, there are exceptions and nuances that are explored in this article relative to the purchase of a business located in the State of Ohio.[2] Sales Tax Ohio, like most States, imposes a sales tax, with certain exceptions, upon retail sales made in this State.[3] Although it is the buyer of an item subject to sales tax that is obligated to pay the tax, it is the seller, assuming that it has nexus with Ohio, that must collect the tax on the sale and remit it to the State.[4] The Ohio sales tax rate is 5.75%, and the Counties on behalf of themselves and other governmental organizations, can add additional so-called piggy back taxes increasing the tax rate.[5] The piggy back sales tax rate in Cuyahoga County, for example, is 2.7 ....